Bitcoin, Ethereum Technical Analysis: BTC Nears $17,000 Heading Into the Weekend

Bitcoin, Ethereum Technical Analysis: BTC Nears $17,000 Heading Into the Weekend


Bitcoin was closing in on the $17,000 level on Friday, as cryptocurrency markets rebounded heading into the weekend. The token moved away from a recent support point of $16,200 in today’s session, as bulls reentered the market. Ethereum also moved higher, climbing back above $1,200.

Bitcoin


Bitcoin (BTC) rebounded on Friday, as the token moved towards the $17,000 mark heading into the weekend.

Following a low of $16,479.99 in Thursday’s session, BTC/USD raced to an intraday high of $16,947.06 earlier today.

The move sees BTC move further away from its recent floor of $16,200, which was a point of stabilization following the volatility caused by the FTX collapse.



Looking at the chart, this surge has pushed BTC closer to

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